11:43 PM,
Dec. 1, 2012

It's a good idea for people with dual residency to go over their estates with a lawyer to closely examine at the impact of both states' laws.

Written by

Bernard A. Krooks

We live in a mobile society, where it's common to spend significant time away from home visiting the grandkids or escaping winter weather. New Yorkers comprise the single largest segment of Florida's temporary residents, with many ultimately relocating on a permanent basis. But those address changes could complicate your estate planning, long-term-care arrangements and tax bill.

In general, if you spend 183 days per year in a state, its residency laws kick in, so it's important to keep track of calendar days. And if you decide to move permanently, you should check that the legal documents ...